IRVINE, CA--(Marketwired - Aug 22, 2016) - Evans Brewing Company (OTCQB: ALES), a producer of award-winning premium craft beers, today announced that its common stock has been approved for, and has begun trading on, the OTCQB® Venture Marketplace (OTCQB). The uplisting to the OTCQB is part of the company's strategy to provide a high level of transparency for its shareholders and is expected to provide opportunities to attract broker dealers and retail and institutional investors that require the reporting and disclosure of the OTCQB tier.
The OTCQB is considered by the Securities and Exchange Commission (SEC) as an "established public market" for the purpose of determining the public market price when registering securities for resale with the SEC. The OTC Pink is not considered as such and most broker dealers will not trade or recommend OTC Pink stocks. Because the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements, the majority of broker dealers trade stocks on the OTCQB. Historically this has resulted in greater liquidity and awareness for companies that reach the OTCQB tier.
"As we move forward with the expansion of our brewing, restaurant and tasting room operations, we remain fully committed to providing our shareholders with complete transparency and the opportunity for greater market liquidity," said Michael J. Rapport, Chairman and CEO of Evans Brewing Company. "Trading on the OTCQB is expected to allow the company to work with a broader range of broker dealers and retail and institutional investors that require the higher levels of disclosure and reporting that this marketplace demands.
The company has also filed its Quarterly Report on Form 10-Q for the period ended June 30, 2016 with the SEC. To view the quarterly report, please visit http://www.evansbrewco.com/investors-sec-filings.
About Evans Brewing Company, Inc.
Evans Brewing Company (www.evansbrewco.com) develops and distributes premium craft brands including a superior line of lagers and ales that have been honored with over 20 international awards. Operating the oldest brewery in Orange County, California, Evans Brewing supplies restaurants, retailers and beer drinkers across several states. Future plans include the opening of the company's first restaurant/taproom, The Public House by Evans Brewing Company, broader product distribution, and potentially an expansion of the beer brands currently under management. For more information, please email us at email@example.com.
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This press release may contain statements, estimates or projections that constitute "forward-looking statements" pursuant to the safe harbor provisions of the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from Evans Brewing Company's historical experience and present expectations or projections. These risks include, but are not limited to, changes in general economic, business and political conditions, developmental delays or disruptions inherent with new products, and risks of reduction in revenue from the elimination of existing and potential customers due to consolidation or new laws or regulations affecting the craft brewing industry, and other risks detailed in Evans Brewing Company's filings with the Securities and Exchange Commission ("SEC"), including the "Risk Factors" sections of our filings, and subsequent SEC filings. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Evans Brewing Company expressly disclaims any obligation or intention to publicly update or revise any forward-looking statements unless otherwise required by law.